Market Office for lease in Q3/2020 – Ho Chi Minh
In Q3 / 2020, there was no new supply in Ho Chi Minh market office for lease, the supply continued to increase, putting pressure on the whole market. The negative impact of Covid-19 and economic instability weighed heavily on the need to rent offices in HCMC. Due to the constant supply, most landlords seem to be confident with the current tight market and limited future supply, rents remain stable but there are short-term promotions to Attract and support tenants this time. Supply: Q3/2020 The market Office for lease is still scarce in Ho Chi Minh In Q3 / 2020, there was no new supply, supply growth continued to put pressure on the whole market. By the end of 2022, the supply was estimated to increase by an average of 4% per year. However, the Grade A & B vacancy rate is still below the 10-year average of 9.8%. As the supply remained unchanged, the occupancy rate in this quarter remained high. By the end of 2020, the market will welcome more than 70,000 square meters of Grade B...